Regulation & Compliance
Lloyd’s, AIG Executives Added to Federal Insurance Advisory Committee
Top executives from Lloyd's of London, AIG, Prudential Financial Inc. Marsh & McClennan Companies and General Re Corp. are among 21 new appointees to the Federal Advisory Committee on Insurance. ...
UnitedHealth’s $173M Fine May Be a Warning to P/C Insurers
A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practices ...
What Rating Agencies Really Want to Know About Your Catastrophe Risk
Preparing effective rating agency presentations is important to most companies, but when it comes to articulating catastrophe risk and large loss potential, there can be a disconnect between what ...
Senate Panel to Consider ‘Too Big to Fail’ Report
A U.S. Senate panel will meet next Thursday to discuss results of a much anticipated government study that looked at whether the biggest banks can borrow at lower interest rates because investors ...
S&P Said to Be Buying Out 100 U.S. Ratings Employees
Standard & Poor's is seeking voluntary buyouts from as many as 100 U.S. employees in what would be the biggest staff cuts since the financial crisis for the credit grader, according to a person ...
NAIC Roadshow to Tout State Regulation to U.S., Foreign Policymakers
The nation's organization of state insurance regulators is launching an educational program to sell U.S. and foreign leaders and the public on the virtues of the 150-year-old state-based insurance ...
AIG, Bank of America Settle Dust-Up Over Mortgage-Backed Securities
American International Group said it will get at least $650 million from Bank of America as part of a legal settlement involving toxic residential mortgage-backed securities. With the settlement, yet ...
Bipartisan Bill Seeks to End Secrecy of ‘Too Big to Fail’ Panel
Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that decides which companies pose the biggest risks to the financial ...